What is meant by a 'with profit plan'?
A policy issued under a with profit scheme is eligible to participate for bonus
addition arising out of surplus revealed on conducting an actuarial valuation.
Premium under a with profit plan is always greater than the rate for a with out
profit plan. that is while computing the structure of a premium table a bonus
loading is made to the rate determined by the other three factors viz.,
Mortality, Interest and expenses.
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